Equity mutual funds are investment vehicles that primarily invest in stocks of publicly traded companies. As per SEBI regulations, these funds are required to allocate at least 65% of their assets to equities and equity-related securities. The remaining 35% can be invested in debt or money market instruments.

The popularity of equity mutual funds has been evident in their growth. In June 2024, the assets under management (AUM) of equity mutual funds in India surged by 8.27% to Rs. 23,84,727 crore, up from Rs. 22,02,497 crore in May 2024. This growth underscores the increasing investor interest in this asset class.

If you’re considering investing in equity mutual funds, exploring the top-performing schemes in India can be a valuable starting point. Prime trade offers a comprehensive platform to compare and invest in a wide range of equity mutual fund options.